DOJ & FCC Allow Comcast-NBCU Joint Venture to Proceed with Conditions

more+
less-
more+
less-
Explore:  Comcast

Yesterday, after a year-long investigation, the Department of Justice Antitrust Division (DOJ) and Federal Communications Commission (FCC) announced that they reached a settlement with Comcast Corporation (Comcast) and General Electric Co. (GE)’s subsidiary NBC Universal (NBCU). The settlement permits the parties to proceed with their joint venture, under which Comcast will acquire control of NBC Universal Inc. (NBCU) and all of its assets. See http://www.justice.gov/opa/pr/2011/January/11-at-061.html.

The DOJ and five state attorneys general — California, Florida, Missouri, Texas, and Washington — filed a civil antitrust law suit in the U.S. District for the District of Columbia to block the formation of the joint venture, and simultaneously filed a proposed settlement that would resolve the agencies’ concerns.

Please see full Alert below for further information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Comcast

Published In: Administrative Agency Updates, Antitrust & Trade Regulation Updates, Communications & Media Updates, Mergers & Acquisitions Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© King & Spalding | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »